![]() ![]() Surprising, passionate, gossipy, revelatory, The $12 Million Stuffed Shark reveals a great deal that even experienced auction purchasers do not know. And why does a leather jacket with silver chain attached, tossed in a corner and titled 'No One Ever Leaves', bring 690,000 at a 2007 Sotheby's auction The Twelve Million Dollar Stuffed Shark is the first book to look at the economics of the modern art world and the marketing strategies which power the market to produce such astronomical prices. Drawing on interviews with past and present executives of auction houses and art dealerships, artists, and the buyers who move the market, Thompson launches the reader on a journey of discovery through the peculiar world of modern art. This book is the first to look at the economics and the marketing strategies that enable the modern art market to generate such astronomical prices. ![]() Why were record prices achieved at auction for works by 131 contemporary artists in 2006 alone, with astonishing new heights reached in 2007? Don Thompson explores the money, lust, and self-aggrandizement of the art world in an attempt to determine what makes a particular work valuable while others are ignored. In other words, we wade into the economics of the art world. Intriguing and entertaining, The $12 Million Stuffed Shark is a Freakonomics approach to the economics and psychology of the contemporary art world. On todays Planet Money: Why a dead shark costs 12 million, and a photo of steel wool that looks like a tornado costs 1,265. Why would a smart New York investment banker pay $12 million for the decaying, stuffed carcass of a shark? By what alchemy does Jackson Pollock's drip painting No. ![]()
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